#black-homeownership

#black-homeownership

Racist policies—covenants, redlining, urban renewal, predatory lending, and tax administration—systematically blocked Black homeownership and wealth despite economic gains.

Heirs' property legal gaps enable forced sales that strip Black families of homes and generational wealth through unclear ownership documentation and partition sales.

Black homeownership declined sharply year-over-year, the steepest drop since Q3 2021, driven by rising Black unemployment, federal layoffs, and dismantled DEI programs.

The decline in Black homeownership in NYC is alarming, with rates dropping significantly due to various socioeconomic factors.

The HAC program aims to support Black community homeowners through education and tailored marketing efforts.